Winning Poker Network, one of the leading US-friendly poker networks, announced a few days back that they have integrated Bitcoin deposits as a payment method into the network, following in the footsteps of Americas Cardroom, who did that last year.
The US-faced skins, Americas Cardroom, BlackChipPoker, True Poker and Ya Poker, will all have the possibility to offer their players the option to deposit with Bitcoins, with a maximum of $10,000 worth of coins that can be deposited every 48 hours.
Deposits will be converted to USD through the payment processor, at a rate determined by four major exchange sites to ensure that the value the customer is receiving is the actual value. The customer will have seven minutes to deposit at the rate displayed, otherwise they will not be getting that price on their coins. It will take upwards of 15 minutes from the deposit has been made until the funds are in the accounts of the players.
But not only will the players be able to deposit with Bitcoins, they will now also be able to withdraw which makes the Winning Poker Network the first major poker network to do so as a whole as well as the first US-friendly network. Withdrawals has a $10,000 limit every 48 hours and can take up to 24 hours before being processed, but it is still much faster - and cheaper - than the methods currently available for US players.
This could boost the traffic at Winning Poker Network significantly, as they could gain a competitive edge over their competitors in the traditional poker market and they may even steal some Bitcoin poker players, as they have much larger player pools than any Bitcoin site out there.
If you are not familiar with what a Bitcoin is, then you should have at our Cryptocurrency section, where you can learn all there is to know about the Bitcoin and other cryptocurrencies and where to obtain and sell them safe and securely.